How to reduce salary costs in a small business.
Labor productivity. As I already wrote, you can use both direct and reverse indicators of labor intensity. But many businesses instead of these indicators use a direct indicator - labor…

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Integrated Reporting - A New Reporting Model for Business
The concept of integrated reporting has recently occupied the first pages of professional publications in the world of accounting. The global financial crisis has revealed the need for a new…

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Monitoring and control of the change process
Leaders have at their disposal a variety of methods of intervention, with which they are able to facilitate the development and changes in individuals, groups and organizations. It is knowledge…

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risk of seeming trivial

General algorithm for work to reduce costs

This algorithm is universal regardless of whether the cost reduction is carried out as a one-time project or as a regular process; the difference will be in the intricacies of performing individual procedures at each stage of the algorithm. As practice shows, the most problematic is to collect information about business processes, since all other information is more or less available, although not always relevant.

The general algorithm for reducing costs in the company is the following sequence of work:

setting (clarification) of the goals and objectives of the project;
diagnostics of costs and identification of promising directions for their reduction;
activity diagnostics (business processes, losses, organizational structure, personnel);
analysis of activities in promising areas of cost reduction; Continue reading

Typical Budgeting Mistakes
For modern companies, the urgent task is the introduction and development of a budget management system. However, even in those firms where the budgeting process is sufficiently developed, employees often…

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Ways to improve the efficiency of small businesses.
I want to repeat this already repeatedly, that all the funds saved from improving the efficiency of all components of the production process will replenish your profits. Therefore, you should…

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OWN HANDS
About running rabbit “I can not afford a week of vacation - the company immediately loses important contracts and is late with deliveries to the main customers.” “I can’t bring…

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Favorable loan - how to get a loan and not lose money.
To begin, I would like to return to the definition of a bank loan. The simplest, and most common definition, loan is the amount of money borrowed by the borrower.…

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